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Asian Tea to diversify into real estate, tea tourism
Asian Tea & Exports Ltd has decided to diversify into real estate development and tea tourism even as it weighs a proposal to promote IT-related infrastructure.
Asian Tea & Exports Ltd has decided to diversify into real estate development and tea tourism even as it weighs a proposal to promote IT-related infrastructure.
The company, which has lined up Rs 38-40 crore investment plans to enter new businesses, is in the processing of identifying a couple of locations for commercial development in Kolkata.
Asian Tea's thrust on real estate is expected to be through a recently-acquired construction outfit, which has now become its 100 per cent subsidiary.
On the tourism front, the company has started scouting for opportunities to promote its tea estates, situated in North Bengal. Thegardens spread over 500 acres or so are considered to be strategically located so as to take advantage of an emerging sector.
Asian Tea's thrust on real estate is expected to be through a recently-acquired construction outfit, which has now become its 100 per cent subsidiary. 
